Program areas at Nef Community Investments
Nef Community Investments, Inc. Serves as the general partner or managing member and serves as the sole member of limited liability companies which serve as the general partner and managing member of investor limited partnerships and limited liability companies that (1) acquire limited partner or non-managing member interests in project partnerships or project limited liability companies that acquire, own, construct, rehabilitate and operate low-income housing projects and (2) provide financing for the development and preservation of housing affordable to low- and moderate-income individuals and families. In addition, Nef Community Investments, Inc. Provides and facilitates asset management services to support such Investments in low-income housing projects.
Nef Community Investments, Inc. Serves as the sole member of Nef permanent lending llc which serves as a member of cpc mortgage company llc, a joint venture with affiliates of the Community preservation corporation, a new york not-for-profit corporation, and cinnaire corporation, a Michigan not-for-profit corporation, providing gse and agency financing for the development of housing affordable to low- and moderate-income individuals and families in order to preserve and rehabilitate neighborhoods experiencing deterioration and disinvestment.
Financials for Nef Community Investments
| Revenues | FYE 12/2023 | FYE 12/2022 | % Change |
|---|
| Total grants, contributions, etc. | $0 | $0 | - |
| Program services | $72,189,782 | $69,601,246 | 3.7% |
| Investment income and dividends | $346,923 | $213,949 | 62.2% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $0 | $0 | - |
| Net gain from sale of non-inventory assets | $0 | $0 | - |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $69,002 | $0 | 999% |
| Total revenues | $72,605,707 | $69,815,195 | 4% |
Organizations like Nef Community Investments
| Organization | Type | Location | Revenue |
|---|
| National Housing Compliance | 501(c)(4) | Tucker, GA | $29,392,733 |
| Aircraft Owners and Pilots Association | 501(c)(4) | Frederick, MD | $41,659,053 |
| Habitat for Humanity | 501(c)(3) | Americus, GA | $342,369,200 |
| Mattress Recycling Council (MRC) | 501(c)(3) | Alexandria, VA | $42,187,488 |
| Habitat for Humanity - Omaha HFH | 501(c)(3) | Omaha, NE | $39,036,731 |
| National Insurance Crime Bureau (NICB) | 501(c)(4) | Oak Brook, IL | $69,612,406 |
| MHT Housing Iv | 501(c)(3) | Bingham Farms, MI | $47,380,117 |
| Resource Housing Group | 501(c)(3) | Atlanta, GA | $20,365,735 |
| BAY AREA COMMUNITY Services HOUSING CORPoRATION | 501(c)(3) | Oakland, CA | $20,793,906 |
| Quality Development and Construction | 501(c)(3) | Irvine, CA | $55,989,780 |
Data update history
January 25, 2025
Posted financials
Added Form 990 for fiscal year 2023
October 4, 2024
Updated personnel
Identified 7 new personnel
January 26, 2024
Updated personnel
Identified 3 new personnel
January 22, 2024
Posted financials
Added Form 990 for fiscal year 2022
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Trade associationsBusiness and community development organizationsHousing and shelter organizationsChapter / child organizations
Issues
Human servicesHousingBusiness and industry
Characteristics
Partially liquidatedState / local levelNo full-time employees
General information
- Address
- 10 S Riverside Plaza Suite 1700
- Chicago, IL 60606
- Metro area
- Chicago-Naperville-Elgin, IL-IN-WI
- County
- Cook County, IL
- Website URL
- nationalequityfund.org/Â
- Phone
- (312) 360-0400
IRS details
- EIN
- 36-4229337
- Fiscal year end
- December
- Taxreturn type
- Form 990
- Year formed
- 1998
- Eligible to receive tax-deductible contributions (Pub 78)
- No
Categorization
- NTEE code, primary
- L20: Housing Development, Construction, Management
- NAICS code, primary
- 813910: Trade Associations
- Parent/child status
- Subordinate organization
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